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Key Developments: VMware Inc (VMW)

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26 May 2016
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Latest Key Developments (Source: Significant Developments)

VMware Inc to cut 800 jobs, sees weak 2016 - Reuters
Tuesday, 26 Jan 2016 08:18pm EST 

VMware Inc:VMware Inc VMW.N forecast 2016 revenue and profit below analysts' expectations, suggesting the software maker's strong growth in new businesses was not enough to compensate for weakness in its traditional server-virtualization software - RTRS.The Palo Alto, California-based company also said it would cut about 800 jobs. At the same time, VMWare, whose parent, EMC Corp EMC.N is being acquired by Dell Inc DI.UL, appointed EMC Chief Financial Officer Zane Rowe as its finance chief, replacing Jonathan Chadwick - RTRS.VMWare, like many technology providers, is struggling to keep pace with its customers' efforts to move key computing infrastructure to the cloud, meaning remote data centers - RTRS.  Full Article

VMware Inc will lay off up to 900 people next week - Fortune, citing sources - RTRS
Friday, 22 Jan 2016 03:12pm EST 

VMware Inc:Insiders brace for big cuts - fortune, citing sources - RTRS.Will lay off up to 900 people, or about 5 percent of its global head count, next week - fortune, citing sources - RTRS.  Full Article

VMware Inc collaborates with Intel Security
Tuesday, 5 Jan 2016 08:00am EST 

VMware Inc:Says expansion of its collaboration with Intel Security to include joint solutions for customers using AirWatch A by VMware A enterprise mobility managementa platform.Says two companies have partnered on two initiatives to enable technology integrations that will help enterprises meet today's complex mobile security challenges more effectively and efficiently.  Full Article

EMC Corp and VMware Inc Reveal New Cloud Services Business
Tuesday, 20 Oct 2015 04:05pm EDT 

EMC Corp and VMware Inc:Plans to form the Federation's new cloud services business by combining their respective cloud capabilities, along with existing Virtustream cloud offerings, under the Virtustream brand.Virtustream will be jointly owned by VMware and EMC and led by Rodney Rogers, CEO of Virtustream.The parties are finalizing a definitive agreement for the transaction.Virtustream's financial results will be consolidated into VMware's financial statements beginning in Q1 2016.  Full Article

VMware Inc gives Q3 2015 guidance
Monday, 12 Oct 2015 07:02am EDT 

VMware Inc:Sees Q3 2015 GAAP net income per diluted share to be $0.60, up 35 pct. year over year.Sees Q3 2015 non-GAAP net income per diluted share to be $1.02 per share, up 18 pct. year over year.Sees Q3 2015 total revenues plus sequential change in total unearned revenues to grow 3 pct. year-over-year, or grow 8 pct. year-over-year in constant currency.  Full Article

VMware says two new reselling agreements with Samsung
Tuesday, 22 Sep 2015 08:00am EDT 

VMware Inc:Says two new reselling agreements with Samsung.Says VMware will resell Samsung knox workspace globally.Samsung business services, part of Samsung Electronics America, will now offer airwatch enterprise mobility management in U.S.  Full Article

Palo Alto Networks Inc and VMware Inc expand strategic partnership to address mobile security needs
Tuesday, 31 Mar 2015 01:30pm EDT 

Palo Alto Networks Inc and VMware Inc:Says expansion of their strategic partnership to address mobile security needs.Says both companies will integrate their enterprise security and mobile management technologies to give organizations a rich and unique combination of mobile device management with advanced threat prevention for secure enterprise BYOD support.Says this builds upon endeavors started in 2014 when companies announced a software-defined data center reseller agreement and network security and network virtualization solutions.  Full Article

Atos and EMC to further strengthen strategic alliance, VMware to continue its strategic long-term investment
Thursday, 26 Feb 2015 02:05am EST 

Atos SE:Atos and EMC Corp to further strengthen strategic alliance.Has decided to re-integrate Canopy subsidiary and make it part of Atos corporate structure.Says EMC and VMware Inc intend to continue their strategic long-term investment, now as shareholders of Atos.  Full Article

Google Inc and VMware collaborate on enterprise public cloud
Thursday, 29 Jan 2015 08:00am EST 

VMware:Expanded agreement with Google.To deliver greater enterprise access to public cloud services via VMware vCloud Airâ„¢.Says as part of this agreement, Google Cloud Platform will be tightly integrated into vCloud Air, providing enterprise customers with greater access to industry-leading cloud services on VMware's hybrid cloud platform.  Full Article

VMware Inc gives Q1, FY 2015 guidance below analysts' estimates - Conference Call
Tuesday, 27 Jan 2015 05:00pm EST 

VMware Inc:Expect total revenues for FY 2015 to be between $6.64 billion and $6.76 billion.Expects FY 2015 Non-GAAP EPS range of between $3.96 and $4.04 per share.Expect Q1 2015 total revenue to be between $1.49 billion and $1.51 billion.Expect Q1 2015 Non-GAAP EPS between $0.83 and $0.85.Q1 2015 revenue of $1.55 billion and EPS of $0.89 - Thomson Reuters I/B/E/S.FY 2015 revenue of $6.85 billion and EPS of $4.08 - Thomson Reuters I/B/E/S.  Full Article

BRIEF-Third Point LLC takes share stake in VMware, Chubb

* Third Point LLC takes share stake of 1.2 million shares in VMware inc